Figures
Houston Office Market Figures Q2 2024
July 9, 2024 8 Minute Read
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- Top tier office demand continued as new construction availability tightened, only one project at 308.0k sq. ft. (68.2% preleased) of Class A space is currently in the development pipeline
- Led by Ovintiv’s lease renewal for 168.6k sq. ft. in the Woodlands – more than 2.0 million sq. ft. of total leasing volume was recorded in Q2 2024 across the Houston office market
- Merger & acquisition activity resulted in additional sublease inventory on market with more on the scope, as energy companies continue to consolidate office operations